MCQOPTIONS
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| 1. |
A and B started a business with 20000 and 35000 respectively. They agreed to share the profit in the ratio of their capital. C joins the partnership with the condition that A, B and C will share profit equally and pays 220000 as premium for this, to be shared between A and B. This is to be divided between A and B in the ratio of ? |
| A. | 10 : 1 |
| B. | 1 : 10 |
| C. | 9 : 10 |
| D. | 10 : 9 |
| Answer» B. 1 : 10 | |